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Business Companies 12 Apr 2019 Vedanta Resources raises USD 1 billion through bond issue

Business, Companies

Vedanta Resources raises USD 1 billion through bond issue

REUTERS

Published : Apr 12, 2019, 12:46 pm IST

Updated : Apr 12, 2019, 12:47 pm IST

The bonds, sold in two tranches, were issued through Vedanata’s subsidiary Vedanta Resources Finance II plc.

Miner Vedanta Resources said on Friday it had raised USD 1 billion through a bond issue and would use the proceeds to repay existing debt.

The bonds, sold in two tranches, were issued through Vedanata’s subsidiary Vedanta Resources Finance II plc and it attracted interest from global investors across Europe, North America and Asia, the company said.

India-listed Vedanta delisted from London last year but maintains a legal base in Britain. The decision was seen by some as a prelude to a potentially broader deal with bigger miner Anglo American Plc.

Credit Suisse (Hong Kong) Limited, JP Morgan Securities plc and Standard Chartered Bank acted as Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners.

Tags: vedanta resources, bond, investors, debt

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